PSMT vs VXX: Correlation
How closely do PriceSmart, Inc. (PSMT) and iPath Series B S&P 500 VIX Short-Term Futures ETN (VXX) trade together? Their weekly returns over three years give a correlation of -0.22, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are PSMT and VXX?
On 3 years of weekly data the PSMT/VXX correlation comes out at -0.22, negative, meaning they tend to move in opposite directions. The relationship has been stable: the 1-year correlation (-0.27) sits close to the 3-year figure. The 5-year figure is -0.26, and annualized covariance runs at -320.7 %².
Among the 13 assets we track against PSMT, VXX sits near the bottom by co-movement, at rank #11. Correlation aside, the last 12 months split them widely, with PSMT ahead by 108.8 points (+59.1% versus -49.7%). Note the risk asymmetry: VXX runs 2.6 times the annualized volatility of the other leg, so equal-weighting the two is not an equal-risk position.
How is this computed?
Pearson correlation on weekly returns: ρ(A,B) = cov(rA, rB) / (σA · σB), over windows of 52, 156 and 260 weeks. Covariance is annualized (×52) and expressed in %². Full definitions on the methodology page.
PSMT vs VXX: side by side
| PSMT (PriceSmart, Inc.) | VXX (iPath Series B S&P 500 VIX Short-Term Futures ETN) | |
|---|---|---|
| 1-year return | +59.1% | -49.7% |
| 5-year return | +116.4% | -95.6% |
| Volatility (ann.) | 23.4% | 60.9% |
| Beta vs S&P 500 | 0.42 | -3.31 |
| Max drawdown (3Y) | -24.0% | -83.3% |
| Market cap | $5.3B | – |
| P/E (trailing) | 33.8 | – |
| Dividend yield | 0.76% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | PSMT | VXX |
|---|---|---|
| 2022 | -15.9% | -23.8% |
| 2023 | +26.2% | -72.5% |
| 2024 | +25.0% | -26.2% |
| 2025 | +34.8% | -42.2% |
| 2026 | +42.2% | -31.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are PSMT and VXX good diversifiers for each other?
Yes. With a correlation of -0.22, PSMT and VXX have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between PSMT and VXX?
Using weekly returns as of 2026-08-27: -0.22 over 3 years, with -0.27 over the last year and -0.26 over 5 years.
Is VXX a good diversifier for PSMT?
Yes. With a correlation of -0.22, PSMT and VXX have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.22 mean?
On the −1 to +1 scale, -0.22 describes how much the two returns move together: +1 is lockstep, 0 is independence, negative values mean opposite directions. It says nothing about which performed better.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/psmt-vs-vxx.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/psmt-vs-vxx/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: PSMT correlations · VXX correlations
